102 STAT. 3546 26 USC 141 note.
PUBLIC LAW 100-647—NOV. 10, 1988 (3) Subparagraph (E) of section 1313(a)(3) of the Reform Act is amended by striking out "of such Code". (4) Paragraph (3) of section 1313(a) of the Reform Act is amended by adding at the end thereof the following new sentence: "In the case of a refunding bond described in paragraph (1) with respect to a qualified bond described in paragraph (2)(B), the requirements of section 13120))(1) which applied to such qualified bond shall be treated as specified in this paragraph with respect to such refunding bond.' (5) Subparagraph (A) of section 1313(a)(4) of the Reform Act is amended by inserting "and by substituting 'September 1, 1986' for 'August 16, 1986 before the comma at the end thereof. (6) Paragraph (2) of section 1313(b) of the Reform Act is amended by adding at the end thereof "For purposes of the preceding sentence, the determination of whether a bond is described in such subsection (o)(2)(A) shall be made without regard to any exception other than section 103(o)(2)(C) of such Code." (7) Subparagraph (F) of section 131303X3) of the Reform Act is amended by strilang out "of such Code". (8) Paragraph (3) of section 1313(b) of the Reform Act is amended by adding after subparagraph (F) the following new subparagraph: "(G) Except as provided in the last sentence of subsection (c)(2) of this section, the requirements of section 145(b) (relating to $150,000,000 limitation on bonds other than hospital bonds)." (9) Paragraph (5) of section 1313(b) of the Reform Act is amended by striking out "are to be" and inserting in lieu thereof "are or will be". (lOXA) The heading for subsection (c) of section 1313 of the Reform Act is amended by striking out "CURRENT" and inserting in lieu thereof "CERTAIN". (B) Paragraph (1) of section 1313(c) of the Reform Act is amended— (i) by striking out "apply to any bond" and inserting in lieu thereof "apply to any bond (or series of bonds)", and (ii) by striking out "law do not" and inserting in lieu thereof "law did not". (IIXA) Subparagraph (A) of section 1313(c)(l) of the Reform Act is amended to read as follows: "(A) the average maturity date of the issue of which the refunding bond is a part is not later than the average maturity date of the bonds to be refunded by such issue,". (B) Paragraph (1) of section 1313(c) of the Reform Act is amended by adding at the end thereof the following new sentence: "For purposes of subparagraph (A), average maturity shall be determined in accordance with section 147(b)(2)(A) of the 1986 Code." (C) Paragraph (1) of section 1313(c) of the Reform Act is amended by adding "and" at the end of subparagraph (B), by striking out subparagraph (C), and by redesignating subparagraph (D) as subparagraph (C). (D) Subparagraph (B) of section 1313(c)(2) of the Reform Act is amended by striking out "and (D)" and inserting in lieu thereof "and(C)".
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